Herbalife Q3 Profit Up

Nov 2 - Herbalife Ltd's (HLF) quarterly profit rose, helped by lower interest expense, and it forecast strong results for the fourth quarter, sending shares up 8 percent in after market trade.

The dietary supplement maker said it expects to earn 88 cents to 91 cents a share for the current quarter on revenue growth of 11 percent to 13 percent.

Analysts were expecting earnings of 86 cents a share on revenue of $556.8 million.

For the third quarter, Herbalife, which saw demand in the North American and Asian markets grow, earned $57.9 million, or 91 cents a share, compared with $58.1 million, or 89 cents a share, in the year-ago quarter.

Adjusting for items, it earned 85 cents a share for the period.

Analysts were expecting it to earn 69 cents a share on revenue of $575.1 million, according to Thomson Reuters I/B/E/S

During the quarter, volume points in North America rose 2.4 percent to 207.6 million, while the Asia-Pacific region saw a rise of 36.1 percent, to $148.2 million.

Net interest expense fell to $1.03 million, from $3.4 million last year.

Shares of Herbalife were up at $37.33 in trading after the bell. They had closed at $34.64 Monday on the New York Stock Exchange.

Source: Reuters

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